India’s exports dip by 12.66%, imports by 26% in August, trade deficit at $6.77 billion

The Print | Sep 15, 2020 at 6:23 PM
  • New Delhi: Contracting for the sixth straight month, India’s exports slipped 12.66 per cent year-on-year to USD 22.7 billion in August, on account of fall in the shipments of petroleum, leather, engineering goods and gems and jewellery items, as per the government data released on Tuesday.
  • During the April-August period, exports declined by 26.65 per cent to USD 97.66 billion, while imports fell 43.73 per cent to USD 118.38 billion.
  • Major export commodities that have recorded negative growth during August include petroleum products (-40 per cent), gems and jewellery (-43.28 per cent), leather (-16.82 per cent), man-made yarn/fabs/made-ups (-24.23 per cent), ready-made garments of all textiles (-14 per cent), and engineering (-7.69 per cent).